Posts Tagged ‘Agency’

Wealthy Chinese now buying so much more than just ...

Wealthy Chinese now buying so much more than just …

 

Christie’s is capitalising on the thirst for wealthy Chinese consumers to buy wineries by opening the world’s first estate agency for would-be vineyard buyers.

Vineyards by Christie’s International Real Estate, billed as the “first global advisory for buyers of vineyard estates”, is to open in Hong Kong.

Run by both wine experts and luxury property specialists, the agency will offer a consultancy service for clients looking to acquire vineyards around the world.

According to David Elswood, Christie’s international director of wine in Europe and Asia, the idea for the agency came after continued demand from clients at the auction house’s wine auctions in Hong Kong for advice on buying vineyard properties overseas.

“We are uniquely positioned to offer this highly specialised vineyard advisory acquisition service and we look forward to this exciting venture,” he said.

In addition to advice on which wineries are on sale around the world, Christie’s will also provide clients with custom travel arrangements and translation services.

“Wineries in sought after locations are often small and discrete, and without guidance, buyers never even know they are on the market.
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The Bordeaux government is launching a new initiative to match young winemakers looking to buy their first estate with properties owned by older winemakers approaching retirement.

Delaplane Cellars-8

 

The plans come from the French national land agency, SAFER, together with the Ministry of Agriculture in the Gironde: the idea is to help the estimated 1,000 vineyard owners who are over 55 and do not have a succession plan in place.

Many are forced into working longer, or are obliged to sell their estates to neighbours who then integrate the vines into their own chateaux, thus losing historic names.

Bernard Artigue, president of Ministry of Agriculture, and Francis Massé, president of SAFER Aquitaine, signed an agreement at wine trade fair Vinitech… read on